DAX Edges Higher Ahead Of US Inflation Data

RTTNews | 928 일 전
DAX Edges Higher Ahead Of US Inflation Data

(RTTNews) - German stocks opened slightly higher on Tuesday amid expectations that key U.S. inflation data for January due later in the day will show downward pressure on prices year-on-year.

The dollar dipped and U.S. Treasury bond yields declined further after the Federal Reserve Bank of New York's monthly Survey of Consumer Expectations showed on Monday that the U.S. consumers' one-year inflation expectation stayed unchanged at 5 percent in January.

The benchmark DAX was up 26 points, or 0.2 percent at 15,423 after rising 0.6 percent the previous day.

Travel giant TUI was little changed after narrowing its Q1 loss on higher revenues.

Conglomerate ThyssenKrupp plunged 5.7 percent after its operating profit fell by a third in the first quarter.

SGL Carbon fell about 1 percent on news that Susanne Klatten would step down as chairwoman of the supervisory board for personal reasons.

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German Inflation Accelerates To 2.2% In August

German Inflation Accelerates To 2.2% In August

Consumer price inflation in Germany climbed in August to its highest level in five months, while the core figure was steady amid an acceleration in food price growth, and weakened chances for further easing from the European Central Bank in the near term.
RTTNews | 10 시간 19 분 전
Swiss Market Ends Modestly Lower

Swiss Market Ends Modestly Lower

Save for a very brief while early on in the session, and for less than an hour a little past mid afternoon, the Switzerland market stayed in negative territory on Friday with investors largely staying cautious due to a lack of positive triggers.
RTTNews | 13 시간 9 분 전
European Stocks Close Lower On Geopolitical Tensions

European Stocks Close Lower On Geopolitical Tensions

European stocks closed lower on Friday, weighed down by geopolitical concerns due to rising clashes in Gaza and Ukraine, and political uncertainty in France. Investors also digested the latest batch of economic data, including the closely watched U.S. personal consumption expenditure report.
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Chicago Business Barometer Slumps Much More Than Expected In August

Chicago Business Barometer Slumps Much More Than Expected In August

MNI Indicators released a report on Friday showing a sharp pullback by its reading on Chicago-area business activity in the month of August. The report said the Chicago business barometer tumbled to 41.5 in August after jumping to 47.1 in July, with a reading below 50 indicating contraction. Economists had expected the business barometer to edge down to 46.0.
RTTNews | 16 시간 41 분 전
U.S. Consumer Prices Increase In Line With Estimates In July

U.S. Consumer Prices Increase In Line With Estimates In July

Consumer prices in the U.S. increased in line with economist estimates in the month of July, according to closely watched data released by the Commerce Department on Friday. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.2 percent in July after climbing 0.3 percent in June. The uptick matched expectations.
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